that’s a good bonus on the unreliability of reserves data. “don’t talk about the war!”

It’s a thoughtful question, but it also symbolizes the nature of the rapidly obsolete mental paradigm. It’s not about the market.

The market–especially our current, deregulated, laissez-faire, neoliberal free market–is all about greed and removing uncomfortable things into externalities:

Every cubic metre of smog in Vancouver is difficult to include in the price of gas at the pump. So neoliberal, free market economics merely ignores it. Ignorance and irresponsibility!

Markets are killing us and will continue to do so. They are a cancer.

Solutions will come from humans in socio-political movements. When the shit starts hitting the fan, climate breakdown, I expect people will wrestle control of governments to fix things. But while Hurricane Katrina didn’t cause real change, little will until it is likely too late.

That’s quite despairing, but I’m not seeing evidence that we can get pro-active enough to fix it soon enough.

What I know for sure is that markets have no soul or ability to focus on anything other than “maximizing shareholder wealth”, the mantra of my 3rd year finance and investment prof 20 years ago. Repulsive, yes, but accurate.